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Oct 29, 2012
10/12
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hurricane sandy slamming the east coast. whoa we are looking at sandy coming in, making landfall in the next couple of hours. we wanted to show you a damaged crane in the heart of manhattan. building 157th street. the crane was on top of the building. the wind have been so severe, it knocked part of the crane off the building and currently hanging off of that building. firefighters are at the scene, telling folks to evacuate, get away from this building in case this crane falls from the top of the building. an extraordinary shot we're looking at now. >> ultraluxury apartment building still under construction. as our robert frank reported a little while ago, some had already been purchased for tens of millions of dollars. that building going to 90 stories when all is said and done. winds wreaking havoc in midtown manhattan. the worst may still yet be to come from sandy. todd gross track latest path. >> indeed, the worst is to come. it's going to happen within the next few hours. we're approaching crunch time as this is accele
hurricane sandy slamming the east coast. whoa we are looking at sandy coming in, making landfall in the next couple of hours. we wanted to show you a damaged crane in the heart of manhattan. building 157th street. the crane was on top of the building. the wind have been so severe, it knocked part of the crane off the building and currently hanging off of that building. firefighters are at the scene, telling folks to evacuate, get away from this building in case this crane falls from the top of...
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Oct 31, 2012
10/12
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. >> super storm sandy leaves a massive path of destruction in its wake. now residents belong a long and costly recovery process. >> the u.s. markets are set to reopen after being closed the last few days. the new york mass transit system is still shut down. >>> new sthats now expect profit growth to hit the slowest since lifting. >>> welcome to today's show. the good news is financial markets start trading again. >> well, good news or it depends on how they open. certainly there's people with pent up demand. >> i think whatever happens, the fact that we're back up and trading is a good thing. >> the interesting question is why. but why couldn't the new york stock exchange have gone with its electronic trading systems. will this serve as a catalyst to maybe pursue that route the next time with more confidence. >> it's a day of cleanup. >> yes, it is. millions of people in the northeastern u.s. will spend days or weeks to recover from sandy, which is being blamed for at least 46 deaths. at its peak, more than 8.5 million homes and businesses were without po
. >> super storm sandy leaves a massive path of destruction in its wake. now residents belong a long and costly recovery process. >> the u.s. markets are set to reopen after being closed the last few days. the new york mass transit system is still shut down. >>> new sthats now expect profit growth to hit the slowest since lifting. >>> welcome to today's show. the good news is financial markets start trading again. >> well, good news or it depends on how they...
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98
Nov 1, 2012
11/12
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it's the necessity post-sandy. a lot of gas stations aren't open, and those that are, they might as well have a red velvet rope at the entrance. >> took about two hours, i think. if you have to do it, you have to do it. this is the only place you can come and get gasoline. >> well, we've been waiting here for -- what? over two hours trying to get gas. we're working up in new york city with the flood relief trying to clean up some of that water. we haven't made it there yet. >> reporter: what's behind the long lines? first and foremost, a lack of electricity. gas stations without power, they just can't pump gas. second, some stations that have gas may run out quickly. the new jersey gasoline retailers association says the average station has about a 30,000-gallon tank. on a normal day, it turuns throh one-third of that, about 10,000 gallons. but in a post-sandy world it is going to run through that much sooner. last week some important cogs in the supply chain are without power or damage. the solution for now, truck
it's the necessity post-sandy. a lot of gas stations aren't open, and those that are, they might as well have a red velvet rope at the entrance. >> took about two hours, i think. if you have to do it, you have to do it. this is the only place you can come and get gasoline. >> well, we've been waiting here for -- what? over two hours trying to get gas. we're working up in new york city with the flood relief trying to clean up some of that water. we haven't made it there yet. >>...
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111
Oct 29, 2012
10/12
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CNBC
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hurricane sandy landfall in the new york area is imminent. we are covering the latest the historic storm. brian shactman in montauk, long island. scott cohen in battery park, new york city. let's go to scott with the latest. >> probably will be the last report we do have from this location here because as you may be able to he the waters of new york harbor starting to lap up on to this area here at the battery at the tip of lower manhattan. precursor to the big storm surge that's going to come in with hurricane sandy. we don't want to be anywhere near it. i can tell you now that manhattan, crossroads of the world, sun creasingly now becoming an island because within the next couple of hours, the major bridge misand out of new york city, george washington bridge, other bridges in this area, will be closing down and the issue on that front is the winds. i want to show you video shot, just a few moments ago of one world trade center. people tower. these are the tallest construction cranes in new york city. the port authority of new york and new
hurricane sandy landfall in the new york area is imminent. we are covering the latest the historic storm. brian shactman in montauk, long island. scott cohen in battery park, new york city. let's go to scott with the latest. >> probably will be the last report we do have from this location here because as you may be able to he the waters of new york harbor starting to lap up on to this area here at the battery at the tip of lower manhattan. precursor to the big storm surge that's going to...
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308
Oct 29, 2012
10/12
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markets closed because of hurricane sandy. kelly evans is in london with the latest. >> melissa, hi. it's being described by some as storms on both side of the atlantic. ubs up 6.5% before financial times reported it may layoff up to 10,000 people and wind down its fixed income business. when that's the outperformer, not necessarily the best of days and also we have decliners outpacing advancers by 7-3 ratio. we have seen stocks make a comeback over the last 60 minutes or so. we could take a look at the sectors for a sense of where the leaders are. we are seeing perhaps four sectors in the green. tech, benefverages, real estate added. we can zero in on insurance market for a second and give you a felt of where the pain is being felt. reinsurers are taking this one on the chin. if you look at some of the other major insurers across europe, we see the same thing. smaller losses but still in the red. they have been losing money. if you are an insurer, we know investments in this low rate environment have gone nowhere. underwritin
markets closed because of hurricane sandy. kelly evans is in london with the latest. >> melissa, hi. it's being described by some as storms on both side of the atlantic. ubs up 6.5% before financial times reported it may layoff up to 10,000 people and wind down its fixed income business. when that's the outperformer, not necessarily the best of days and also we have decliners outpacing advancers by 7-3 ratio. we have seen stocks make a comeback over the last 60 minutes or so. we could...
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Nov 1, 2012
11/12
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...